Bitcoin Minor Hive Digital Technologies (Hive) has crossed the hasht capacity over 10 acids per second (EH/s) per second, an increase of 58% from April, inspired by the launch of the 100-Megavot hydro-purd site in parague. Company Said In a press release on Friday, it is on track to reach 25 EH/s by the end of 2025.
The firm mined 139 bitcoins or average rate of 4.5 BTC per day in May. The peak capacity was 10.4 EH/s hit while the average hasch for the month was at 8.5 EH/s. High said that its fleet efficiency remained stable at about 20 joules (J/ve), and its network shares now exceed 1% of global bitcoin mining power.
The new feature in Paraguay reflects a broader tendency in the mining industry: the next generation ASIC races to deploy the miners rapidly and on scale in abundant renewable areas.
Co-founder Frank Holmes, pointing to its buzz HPC division, emphasized the speed and flexibility of the company, which supports AI Cloud Infrastructure with bitcoin mining. CEO Idin Kilik stated that the company’s target for summer is 18 EH/s, and that the upgradation of the fleet should allow for daily BTC output of more than 12 by the fourth quarter – possibly below $ 50,000 per coin at production costs.
Hive operates the facilities operated by hydroelectrics in Canada, Sweden and Paraguay. The company was a publicly listed Crypto Minor in the TSX Venture Exchange in 2017.
Hive shares in New York’s trade on Friday are more than 13%, as the mining sector rallies are more than $ 105,000 with the benefits of bitcoin.
